Waec Commerce Past Questions and Answers

Question 2241:

• WAEC 2020

The issue of prospectus by a company is an invitation to members of the public to?

A. Subscribe to the company`s shares
B. Buy the company`s product
C. Attend the company`s boards meeting

Question 2242:

• WAEC 2020

Examples of currents assets are?

A. Cash and trade debtors
B. Cash and trade cresitors
C. Trade debtors, trade creditors and cash
D. Trade creditors and trade debtors

Question 2243:

• WAEC 2020

When the cost of sales is divided by the average stock, the result is?

A. Gross profit
B. Net profit
C. Rate of turnover
D. Working capital

Question 2244:

• WAEC 2020

The part of issued share capital that the company has asked the subscribers to pay for is?

A. Authorized capital
B. Called-up capital
C. Nominal capital
D. Paid-up capital

Question 2245:

• WAEC 2020

The last link in a channel of distribution is the?

A. Wholesaler
B. Retailer
C. Consumer
D. Agent